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Maso company recorded journal entries for the issuance of

Maso Company recorded journal entries for the issuance of common stock for $80,000, the payment of $26,000 on accounts payable, and the payment of salaries expense of $42,000. What net effect do these entries have on owners' equity (an amount, decrease/increase)?

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Accounting Basics: Maso company recorded journal entries for the issuance of

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Accounting Basics: Maso company recorded journal entries for the issuance of

Reference No:- TGS0783412

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